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Sunday, October 10, 2021

Business Lessons from a Startup Unicorn – Zilingo

Ankiti Bose and Dhruv Kapoor’s Zilingo which started way back in the year 2015 came very close to becoming a unicorn just after 4 years of its launch. And a startup can learn numerous lessons from a startup unicorn.startup unicorn

Thanks to their unique startup marketing plan and their decision to focus on the business-to-business marketing plan for startup. 

Among all the strategic steps they have taken, “Scaling down our business-to-consumer (B2C) business is definitely one of the toughest decisions we have made recently” and one of the main strategies, according to CEO and co-founder Ankiti Bose. Another marketing strategy for startups that they adopted was that they decided to launch a “fashion marketplace focused on consumers.

Unlike what other business entities follow with regard to their marketing strategies for startups, Zilingo could have competed with the likes of Tokopedia (Softbank backed), Shopee (Sea Group), Lazada (Alibaba backed), and Amazon brands. However, the competition in this case would have been fierce, capital-intensive, and quite tough.  

Strategies of Creating a Startup Marketing Plan from a Startup Unicorn

Lessons from a Unicorn

There are a couple of lessons that you can learn from startup unicorns. Aside from the three lessons picked up from Zilingo, you can also follow these strategies when it comes to marketing for startups. These are as follows-

  1. Set up an objective and vision for the company that is “mission-driven”.
  2. As per observation, the niche market segments serve as a great point of entry and drives innovation
  3. Satisfy customers as they prefer a seamless and hassle-free shopping experience
  4. Make available to the customers those tools that you would want to make use of
  5. If your business is small-scale or medium-scale, then as “forward-thinking organizations” you will receive support from consumers. 
  6. You must build or develop products or platforms as per customers’ preferences.

Work out a startup marketing strategy in such a way that even if the government gets disrupted you have a backup plan to fall back upon.

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Josie Patra
Josie Patra is a veteran writer with 21 years of experience. She comes with multiple degrees in literature, computer applications, multimedia design, and management. She delves into a plethora of niches and offers expert guidance on finances, stock market, budgeting, marketing strategies, and such other domains. Josie has also authored books on management, productivity, and digital marketing strategies.

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